NewSquare Capital LLC Cuts Position in The Toronto-Dominion Bank (NYSE:TD)

NewSquare Capital LLC reduced its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 0.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 122,940 shares of the bank’s stock after selling 1,155 shares during the period. NewSquare Capital LLC’s holdings in Toronto-Dominion Bank were worth $6,453,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TD. Wealth Enhancement Advisory Services LLC boosted its holdings in Toronto-Dominion Bank by 16.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,895 shares of the bank’s stock valued at $436,000 after acquiring an additional 992 shares during the period. US Bancorp DE lifted its position in shares of Toronto-Dominion Bank by 3.2% during the third quarter. US Bancorp DE now owns 17,396 shares of the bank’s stock worth $1,100,000 after purchasing an additional 535 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Toronto-Dominion Bank by 25.2% in the third quarter. Van ECK Associates Corp now owns 465,365 shares of the bank’s stock valued at $29,439,000 after purchasing an additional 93,716 shares during the period. PDS Planning Inc grew its holdings in shares of Toronto-Dominion Bank by 7.5% in the third quarter. PDS Planning Inc now owns 6,357 shares of the bank’s stock valued at $402,000 after purchasing an additional 441 shares in the last quarter. Finally, Crestwood Advisors Group LLC increased its stake in Toronto-Dominion Bank by 7.1% during the 3rd quarter. Crestwood Advisors Group LLC now owns 3,898 shares of the bank’s stock worth $247,000 after buying an additional 258 shares during the period. 52.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TD has been the subject of several recent research reports. Jefferies Financial Group cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Bank of America upgraded Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Monday, February 24th. Scotiabank cut Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, December 6th. Finally, Barclays lowered shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $80.50.

Toronto-Dominion Bank Trading Down 1.5 %

NYSE:TD opened at $58.68 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03. The Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $64.91. The stock has a market cap of $102.82 billion, a P/E ratio of 16.91, a P/E/G ratio of 1.95 and a beta of 0.84. The stock has a 50-day simple moving average of $57.03 and a 200-day simple moving average of $57.65.

Toronto-Dominion Bank Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be paid a $0.7278 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.91 annualized dividend and a yield of 4.96%. Toronto-Dominion Bank’s dividend payout ratio is currently 84.71%.

Toronto-Dominion Bank Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.